Lamar raises 2026 AFFO outlook to $8.97
Key points
- Lamar Advertising (NASDAQ:LAMR) reported third-quarter 2026 revenue of $624.5 million, up 6.6%, while net income increased 14.5% to $165.0 million.
- Adjusted EBITDA rose 9.3% to $306.9 million, and diluted EPS increased to $1.59 from $1.40.
- Lamar raised its 2026 adjusted funds from operations (AFFO) guidance to $8.87–$8.97 per diluted share, supported by national advertising demand, digital growth and political spending.
Lamar Advertising (NASDAQ:LAMR) reported third-quarter 2026 revenue of $624.5 million, up 6.6% year over year, while net income increased 14.5% to $165 million.
Revenue increased from $585.5 million in the prior-year quarter, while adjusted EBITDA rose 9.3% to $306.9 million from $280.8 million, reflecting growth in the company's advertising operations.
Diluted EPS increased to $1.59 from $1.40, while third-quarter operating cash flow reached $284.1 million, compared with $235.7 million a year earlier.
The company also reported $249.3 million in adjusted funds from operations and $721.1 million in available liquidity at September 30.
Lamar raised its full-year 2026 AFFO guidance to $8.87–$8.97 per diluted share and expects diluted EPS of $6.01–$6.04.
Its receivables financing programme maturity was also extended to October 1, 2029, while shares were down at approximately $155 in premarket trading on November 5.
Lamar operates an outdoor advertising business with billboard displays, digital advertising structures, transit advertising and highway logo signs across the United States and Canada.
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